How the 2016 Federal Budget will impact you

BT Financial Group & Financial Planning Association

The 2016 Federal Government Budget has been announced and has included a range of measures that may impact superannuation and retirement income strategies. 

A lifetime cap of $500,000 has been introduced on non-concessional (after-tax) superannuation contributions.  This measure has been introduced as a regulation and applies from 7:30 pm on 3 May 2016.

A number of further proposed changes have also been announced, these will come into effect from 1 July 2017, subject to the passage of legislation.

For a written summary of the Federal Budget, please click the button below:

What the 2016 Federal Budget means for you